Crypto Contest October 29: Magi
Magi (XMGUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
One can find the same breakout in the XMGBTC chart as well.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Magi began a red wave one advance on June 4, 2016. The red wave one finished on September 11, 2016, and the red wave two correction ended on January 5 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on August 15, and the red wave four correction ended on October 25. If this wave count is correct, Magi should be heading next towards the August 15 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here is Magi's official promo video.
(Source: http://m-core.org/)
If you think this analysis is correct, upvote this post and upvote the comment "Magi (XMGUSD) will takeout the August 15 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Magi (XMGUSD) will drop below the October 25 low".
If you think Magi is in a range, upvote this post and upvote the comment "Magi (XMGUSD) will stay in a trading range between the October 25 low and the August 15 peak until November 29".
You can upvote the comment until 3 PM EST October 30 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Magi (XMGUSD) will takeout the August 15 peak (22 voters as of 3 PM EST October 30: helikopterben, tuvokhl, otisbrown, lydon.sipe, flemingfarm, glennolua, simonjay, eirik, gregory-f, themovieplace, abh12345, tzap90, ahinga, mihail.tsvetkov, digitalking, sevinwilson, amfid4846, the-world, kanoe, kryptofan, sallysmith, abay).
Magi (XMGUSD) will stay in a trading range between the October 25 low and the August 15 peak until November 29 (22 voters as of 3 PM EST October 30: osmanbugra, twinner, lucasgabd, me-tarzan, damla, catena, skririm, starline, komischername, criptorafa, mprgrmmr, coolthings, toofasteddie, mirda, crokkon, carlosdaniel, ragnaros, andy23, koskl, richard78624, incrediblesnow, elisablogs).
You won.
Magi (XMGUSD) will drop below the October 25 low (9 voters as of 3 PM EST October 30: lemoneequeen, jznsamuel, yefet, anetchen, lasper, me-do, gunsmithing, cassidyandfranks, freskil).
@maarnio autenthic machine... thankss :)
when you can , can we have your look at DECENT (DCT)
:) thanks
I will try..
Other question. What do you think how high they will pump bitcoincash before the fork?
They will attack now with fight about hashpower. They need better profitability.
$1000 is my best guess.
Yes when it drops to 430usd i maybe will enter and sell right befor the fork.
you may want to check elastic ($XEL) it just broke out as well...
Lucas
Malabarize-se
Yes. Wrote about it back in September:
https://steemit.com/elastic/@maarnio/crypto-contest-september-14-elastic
but then it fell quite a lot from there on, didn't it?
Yes. This could be a good entry point.
Great post..bro
Thank you minhaj. Feel free to participate in the contest.
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
Magi (XMGUSD) will takeout the August 15 peak
Please upvote the right comment.
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@maarnio
The very first comment.
You did it. Thank you.
img credz: pixabay.com
Nice, you got a 4.0% @minnowbooster upgoat, thanks to @maarnio
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